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Chai Watana Tannery Group (CWT) Fair Value & Analysis

Consumer Cyclical · TH · Market cap 466M THB

CW Chai Watana Tannery Group CWT · BK
Price0.9600 THB
Fair Value0.7700 THB
Upside-19.8%
Quality91/100
Evidence: Medium Range 0.5700 THB – 0.9600 THB

Fair value as of: Jun 24, 2026

From 10 valuation models · updated 5 days ago

Share price +18.4% over the past month.

Price vs Fair Value (12 months)

1.38 THB 0.6400 THB Fair Value 0.7700 THB Jun 2025 Jun 2026

12‑month range 0.6400 THB – 1.38 THB · fair‑value band 0.5700 THB – 0.9600 THB · the 0.9600 THB price screens above the 0.7700 THB fair value. As of Jun 24, 2026.

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Analysis

Chai Watana Tannery Group (CWT) currently trades at 0.9600 THB, while our model-based Fair Value estimate is 0.7700 THB — implying the stock looks roughly 19.8% overvalued today. We read business quality at 91/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Chai Watana Tannery Group generated revenue of 1.3B THB at a net margin of -2.5%. Revenue declined 12.4% year over year. It earns a return on equity of -2.0%. Net debt stands at 1.0B THB. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 1.3B THB
Revenue growth (YoY) -12.4%
Net margin -2.5%
Return on equity -2.0%
Free cash flow −106M THB FY2025
Operating margin -9.6%
More key figures
EPS (TTM) -0.0600 THB
EPS growth (YoY) +1,968%
Net debt 1.0B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Chai Watana Tannery Group Public Company Limited, together with its subsidiaries, engages in the tannery hide, automotive leather cutting, dog chew, and furniture cutting businesses. The company operates through six segments: Tannery Hide, Automotive Leather Cutting, Dog Chewable Toys, Furniture, Energy Business, and Design and Distribution of Aluminum Boat and Mini Bus. It is involved in the design and distribution of boats and minibuses made from aluminum; generation and sale of electricity from waste; property rental services; provision of consulting services for renewable energy projects; and wholesale of wood chips, as well as offers waste disposal management services. The company was founded in 1972 and is based in Mueang Samut Prakan, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chai Watana Tannery Group reported revenue of 1.4B THB in FY2025 versus 1.8B THB in FY2021, a compound −5.9%/yr. Reported net income was 22.0M THB in FY2025, compounding −40.2%/yr from FY2021.

Revenue −5.9%/yr
FY21 1.8B THB
FY22 1.9B THB
FY23 1.8B THB
FY24 1.6B THB
FY25 1.4B THB
Net income −40.2%/yr
FY21 172M THB
FY22 180M THB
FY23 −116M THB
FY24 832K THB
FY25 22.0M THB

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Frequently asked questions

Is Chai Watana Tannery Group (CWT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 0.7700 THB versus a price of 0.9600 THB — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CWT?
Our 21-model fair value for Chai Watana Tannery Group is 0.7700 THB (as of Jun 24, 2026), built from audited fundamentals. The current price is 0.9600 THB.
What is the quality score of CWT?
Chai Watana Tannery Group has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Chai Watana Tannery Group (CWT)?
Chai Watana Tannery Group reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Jun 24, 2026).
What is the net profit margin of CWT?
The net profit margin of Chai Watana Tannery Group is about -2.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.